The Pillsbury cookies maker suggested the initiative may be accompanied by job cuts as it flagged total related charges of around $130m.

(Reuters) -General Mills said on Tuesday it would record a charge of about $70 million in its current quarter, mainly reflecting severance expenses, as part of the Cheerios cereal maker's ...

General Mills anticipates that these actions will result in significant cost savings over the long term, although the specifics of the savings were not disclosed in the filing. In the short term, the ...

General Mills GIS0.09%increase; green up pointing triangle approved what it called a multi-year global transformation initiative that will aim to increase productivity by enhancing end-to-end ...

As a result, General Mills was able to raise prices and charge a premium for its products. “… What we’re doing right now, when we talk about adding value and making investments back in value ...

MINNEAPOLIS, June 26, 2024--(BUSINESS WIRE)--General Mills, Inc. (NYSE ... expenses and lower restructuring charges. Operating profit margin of 16.5 percent was up 20 basis points.

General Mills (NYSE:GIS) updated on some of its financial progress ahead of an appearance by the management team at the CAGNY Conference in Orlando, Florida. The food giant noted that over the ...

which we expect to result in financial performance that meets or exceeds each of our key long-term goals. To underscore our commitment to driving strong returns to General Mills shareholders ...

With these assumptions in mind, General Mills outlined its full-year financial targets for fiscal 2025²: Organic net sales are expected to range between flat and up 1 percent.